U.K. Banks Move to Escape EU Bonus Caps by Defining Risk-Taker

U.K. Banks Move to Escape EU Bonus Caps by Defining Risk-Taker

Chris Ratcliffe/Bloomberg

Pedestrians walk across London Bridge towards the City financial district in London. The U.K. has 1,300 so-called code staff, who have received Financial Services Authority approval and would be affected by the cap as it stands, Andrew Bailey, Britain’s top bank supervisor, said on March 13.